On the 30/5/93 Tolu & Co. paid 2 years rent of ₦50,000 which was debited to the rent account. The adjustment needed as at 31st December 1993 is?

Question 1 Report

On the 30/5/93 Tolu & Co. paid 2 years rent of ₦50,000 which was debited to the rent account.

The adjustment needed as at 31st December 1993 is?